Cost-volume-profit analysis is used to predict how changes in _____ levels affect profit.

A cost that does not change with changes in volume of activity is called a _____ cost.

A cost that changes in proportion to changes in the activity output volume is called a _____ cost.

A cost that behaves like a combination of fixed and variable costs is called a _____ cost.

A cost that remains fixed over limited ranges of volumes but changes by a lump sum when volume changes occur outside these limited ranges is called a _____ cost.

A cost that increases as volume increases, but not at a constant rate is called a _____ cost.

A goal of classifying costs is to develop a _____ equation.

A scatter diagram is a graph of unit volume and cost data where _____ are plotted on the horizontal axis and _____ are plotted on the vertical axis.

Regression is a statistical method for identifying _____ behavior.

Contribution margin is computed as:

A contribution margin income statement follows this format:

Jelly Company has a product that sells for $150 per unit and has variable costs of $60 per unit. What is the contribution margin per unit?

Delta Company sells mini-flash drives. The selling price is $10 each and the variable costs are $8. If fixed costs are $3,000, how many drives must Delta sell to break even?

Delta Company sells mini-flash drives. The selling price is $10 each and the variable costs are $8. If fixed costs are $3,000, how much in sales dollars must Delta have to break even?

Revenue $ 100,000 Variable Costs 20,000 Fixed Costs 5,000 ________________________________________ What is the net income (pretax)?

If the selling price per unit can be increased, what will be the effect on the break-even point?

Remote Company has expected sales of 55,000 units and break-even sales of 50,000 units. If fixed costs are $75,000, what is the margin of safety?

After-tax income for Square Company is $10,000. Square Company pays 20% in taxes. Square Company’s pretax income is

CompuTop Company sells toy laptop computers for $30 each. If the variable cost for each laptop is $20 and fixed costs total $25,000, how much sales in dollars must it sell to generate a target income of $66,667?

CompuTop Company sells toy laptop computers for $30 each. If the variable cost for each laptop is $20 and fixed costs total $25,000, how many laptops must CompuTop sell to generate a target income of $66,667?

Compute the after-tax income based on the following information. Sales $100,000 Variable costs 30,000 Fixed costs 5,000 Income tax rate 20%

Companies can use _____ analysis to predict income based on various changes in fixed or variable costs, selling price and volume.

A company sells three products: Product A, Product B, and Product C. Usually it sells 5,000 units of Product A; 6,000 units of Product B; and 8,000 units of Product C. What is the sales mix for Products A, B and C, respectively?

Hat Company sells two types of hats: knit hats with a selling price of $15 and variable costs of $5, and hard hats with a selling price of $25 and variable costs of $10. Knit hats comprise 80% of all sales. If fixed costs are $22,000, how many knit hats and hard hats must be sold for the Hat Company to break even?

The total contribution margin will ____ fixed costs in a break-even multiple product income statement.

Which of the following is NOT a reason we can make assumptions in CVP analysis?

Operating leverage is the relative size of _____ costs in the total cost structure.

Company A operates at a sales level of 1,200 units with a contribution margin of $30 per unit. Its pretax income is $12,000. What is the company's degree of operating leverage?

Units produced 1,000 Direct materials $6 Direct labor $10 Fixed overhead $6,000 Variable overhead $6 Fixed selling and administrative $2,000 Variable selling and administrative $2 ________________________________________ The total product cost per unit under absorption costing is:

Units produced 1,000 Direct materials $6 Direct labor $10 Fixed overhead $6,000 Variable overhead $6 Fixed selling and administrative $2,000 Variable selling and administrative $2 ________________________________________ The total product cost per unit under variable costing is: